You’re on-site for maintenance issues or tenant concerns, which cuts down on the hassle of traveling to a separate location.Loan Accessibility: Getting a mortgage for a duplex can be easier than financing other types of investment properties because you can use the potential rental income from the second unit to help qualify for the loan.Tax Benefits: Owning a rental property can open up opportunities for various deductions like mortgage interest, property taxes, operating expenses, and depreciation.Disadvantages of Investing in DuplexesPrivacy Issues: Living so close to your tenants means less privacy.

What made you interested in investing in this type of deal?

As long as you can document two years of work/income, yes (All things being equal).

I hope you have documented the damage he has caused.

@Dave Allen  I don't know if any lenders can comment, they may suggest a different type of loan but if you are half owners  I would think you would split the income but if you were living there I see why you did it the way you did.

I'd love to see their actual itemized cost estimation because getting access to that type of estimation software is $1k a year and not worth the added expense

Really we are just looking for a place to start and the type of people to talk to.

I’ve been looking, albeit a short time for these types of homes in CO, MT, ND, SD, NM etc. haven’t seen anything @ $9500 sales price let alone move in ready... my guess is you buy from a wholesalers?

Can you purchase a property with a Hard Money loan and then refinance into a different type of loan to have a lower interest rate?

This is the type of streets you should be looking for.